Tata Motors collaborates with the Indian Bank

 Leading car manufacturer Tata Motors has entered into a tie-up with Indian Bank for financing its passenger vehicles in India. In past few months Tata Motors has made a series of tie-ups with some of the largest PSU banks like State Bank of India, Corporation Bank, Union Bank, Central Bank of India and now with Indian bank. Tata Motors is launching many passenger vehicles this year and Tata Nano is the most popular model among them. Tata Nano is due to launch on the day of 23rd of March.

The Indian Bank has an all Indian presence with 1575 branches all across India. With these branches 470 sales touch points of Tata Motors will also provide loan assistance to Tata Passenger vehicle buyers. The Indian Bank provides loan of 85% of onroad price of the vehicle for a duration of 7 years. The Bank provides a loan of a rate of 11.5 %. By this tie-up customers will get both loan assistance as and  vehicle dealer at a single window.

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